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Next Cut in Fed Bond Buys Looms

Reduction to $65 Billion Could Be Announced on Jan. 29

By

Jon Hilsenrath

Updated Jan. 20, 2014 7:47 p.m. ET

The Federal Reserve is on track to trim its bond-buying program for the second time in six weeks as a lackluster December jobs report failed to diminish the central bank's expectations for solid U.S. economic growth this year, according to interviews with officials and their public comments.

A reduction in the program to $65 billion a month from the current $75 billion could be announced at the end of the Jan. 28-29 meeting, which...

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Look for Another Fed Cut in Bond Buying Next Week

The Federal Reserve is on track to trim its bond-buying program for the second time in six weeks as a lackluster December jobs report failed to diminish expectations for solid U.S. economic growth this year. Jon Hilsenrath reports. Photo: AP.